We are allowing the government to take more control of our country

...And that is NEVER a good thing!

I read this today and wanted to give everybody a wake up call. When the gov't sticks their fingers in the pie, they keep it there and the pie gets ruined!


With finance crisis, hands-off era over
More oversight lies ahead, no matter
who's in the Oval Office.
By Peter Grier Staff writer of The Christian
Science Monitor
from the September 17, 2008 edition


Reporter
Peter Grier tells why Congress has been so quiet lately about any plans to
tighten oversight of Wall Street.
Washington - The great financial shakeout
of 2008 – one of the most dire US fiscal crises of modern times – is likely to
change permanently the relationship between Wall Street and Washington.

Already Treasury Secretary Henry Paulson has overshadowed New York's
titans of finance with his decisions as to which institutions will get
government aid and which will not. If things don't get worse, history may credit
Mr. Paulson with helping to pull the economy back from the brink, as financier
J.P. Morgan did in the Bankers' Panic of 1907.

Beyond that, a long
period of Washington laissez faire toward financial markets may well be at an
end. The details of regulation could be different, depending on which candidate
wins the White House this fall. But more US oversight seems inevitable.

"We need to restructure the system to reduce the chance of having
another crisis," says Douglas Elmendorf, a senior fellow in economic studies at
the Brookings Institution.

Financial regulators may win access to more
internal information from financial institutions, allowing them to better judge
the risks they are running. They may also look for ways to control derivatives,
financial instruments backed by mortgages or other types of assets, which have
become complex "to the point of absurdity," in Mr. Elmendorf's words.